The true northerner. [volume] (Paw Paw, Mich.) 1855-1920, 1887-11-09
UNCLE SANS LEDGER.
Some Interesting Points from the
Treasury Statement for
October.
The Debt Reduced Over $l6,000000
During the Month, and SAL
100000 in Four Months.
lWashingtC n special !

The statement OF the Treasury for the month
just closed presents several points of interest
The customs receipts are 81, coo more than
for October, 1856, and nearly 100000 more
during the first four months of the fiscal year
than during the same portion OF the previous
fiscal fear. The internal revenue receipts
show gaiL OF Sl.0Ol,0o0 for the month and
more than 50, Oc0, 00e for the four mont hs The
miscellaneous receipts show more diminution
for October, and n trifins increase for the fiscal
year current The aggregate receipts show an
increase OF 81, 250.0OO for the month and over
30 bOO,OJO foe the last third of the fiscal year.
In Ine o surplus revenue for the month wac sll,-
3OOOOJ, and for the four months little more
than s29.UOJ,oO0 AS compared with the
same mouth last year the ordinary expend-
itures for October show decrease Of s2, 5UJ eco,
and as compared with the same four months of
last year the ordinary expenditures since July
L nave fallen of more than a., $4,000. Pension
payments show falling of II more than
sl,oOoOvo for the month. bat an increase OF con-
siderably more than s. ,5Oe,o O0 for four months.
FOR the last tour months the payments have
aggregated but few thousand less than
SSl,OJO,0UO. Che interest payments show slight
reductions. The total disbursements show a
reduction OF over s. $50 for the month and
IN increa,e OF more than 81 900 90 for the four
months. The reduction OF the national debt, or
the total debt less cash in the Treasury, was
Sl6 SS3 60 for October aDd $40 90 for the four
months. The reduction of nearly G7. Oh, COZ in
the net debt during October was effected by Il
redemption Of over 5000, % Of bonds and
increase of sll * 9.030 In the cash balance
called surplus in the Treasury The reduction
In the principal of the interest bearing debt
during the last four months has been A4, 5i5,-
Ia, and the surplus has increased nearly S11,-
oCo,oJ0 since sept. o., and nearly si6,0OOso0
since June 30
The transformation of the Treasury's silver
into gold Is going ON with marked rapidity.
When the present administration came in the
stock OF eold was low and running down. and
the stock OF silver was large and increasing. and
there was no very great difference be-
held in the Treosnrv The last Ra n Si,vv1
Secretary and the first Democratic Secre-
tary fer some months were afraid TO pay out
gold for bonds lest the gold should be exhaust
ed and the Treasury be compelled TO force sill
yer payments on the Government creditors.
Since the administration began the bold policy
OF redeeming bonds freely, the gold has nearly
doubled, though disbursed literally, and the
silver has fallen of a third or more, though
forced upon no one, The Government now holds
in geld sA2, So, 932-considerably more than il
ever owned before-an increase for the month
OF more than SlO, 600, 90, and for four months
OF nearly Si6,0OO,OOO. The silver owned by
the Government is S5s. lS- STA decrease of
nearly sO5OJ,0O for the month and of more
than els, 10000 in four months. Since July
the Governments gold he's increased more than
Sl60bO, 600 aud its stock OF silver has decreased
more than $1,000, 0OJ The circulation OF silver
Las increased, both in the form OF certificates
ana in the form OF coins. The outstanding
silver certificates have increased for the month
silver dollars in circulation have in.
creased SPA 264 for the month, and
S7,0S4, AS for the four months. On the
other hand, the net reduction in the circula-
ton Of national banks was SOL, ~ for the
month and SO, i33 546 for twelve months. While
nearly 81, 500, 00J of national bank circulation
surrendered and destroyed in October,
S23s, 5lu was issued TO new banks and 81 54s, 2SJ
issued to banks increasing their circula-
ton. The outstanding nationel bank circula-
ton amounts to $27l, sOl PA of which sl69, 2l5,
067 is secured by the deposit OF bonds and
Sl02, 5Sf, 2Ji is represented by lawful money de-
posted with the Treasurer to redeem this por-
ton OF the national bank circulation.
How little silver is being paid into the Treas
ury is shown by the fact that the percentage OF
silver certificates in the receipts OF the New
York Custom House has fallen off from 1872 in
January to q. in October. The gold certificates
formed about per cent. of the tottl in July,
1886 which is about the time the redemption Of
bonds was resumed and since September, 1856,
the gold certificates have formed meyer less
than two-thirds of the total and most OF the
time about three-fourths. For the last three
months they have been nearly four-hfths of the
whole. The present surplus, IL calculated as 1t
was under previous administrations, would be
$3.50 Ssl ,S03.
Following is q reorganization of the public
debt statement issued on the LIST inst, cents
omitted:
INTEREsT-BEARING DEBT.
Bonds at 40 per cent. .............S 230,644600